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platform. "the new york post" cover that has the paper in hot water this morning. >> plus we have the 911 tapes and the alleged murder/suicide involving kansas city chiefs play er javon belcher. >>> and there's no plan to keep us from going over the fiscal cliff. broken record, broken record. i'm christine romans in today for john berman. >> and i'm zoraida sambolin. >>> up first, president obama standing his ground over the fight in the fiscal cliff. americans face crushing tax hikes and severe spending cuts in 27 days if democrats and republicans cannot come together on a deal. by the way, congress breaks for the holidays in ten days. slash that number. in an interview with bloomberg news, the president made it crystal clear he's not about to blink on the issue of tax hikes for the wealthiest americans. >> we'll have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> white house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted
. my partner sue at the new york stock exchange. my partner sue with big interviewes this hour. >> that's right, ty. i spent the afternoon at blackrock's trading room and i got their outlooks for 2013. you will see it first here on cnbc. >>> here are investment take aways. fixed income. they feel there is danger in what many people consider a safe play. commodities, they have a long view there in many of those sectors. equities is kind of a global shorg an board, if you will. but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is going to mean is slow growth. it may mean t
school is the highest paid in the country. that is right here in new york city at more than $3 million. >>> national hockey league is canceling its regular season through december 30th, i know, due to lack of collective bargaining agreement. 526 games, more than 40% of the season has been canceled. that unfortunately is that [buzzer] that is end of today's speed read. liz: it is disgusting. it is horrifying. we don't seem to be any closer to a resolution on the fiscal cliff even though many are warning that the economy could face dire consequences if there is no agreement but one strategist says, why are you worrying about december 31st? that deadline isn't even the real fiscal cliff. david: that strategist is none other than peter schiff, ceo of europacific precious metals. friend of the show. peter, although i wish it was under better circumstances. you say the real cliff coming is bigger han the housing mess, bigger than the housing crisis we went through. it's the bond mess. specifically when the fed stops printing money to buy up treasurys all hell will break loose, right? >> wel
about what you put into your gas tank. let's get up to speed, back the floor of the new york stock exchange and nicole petallides. economic data on the service industry. nicole: looking good, lori and melissa. up 125 points. after two days of selling we are seeing some market action to the upside. we are above the 13,000 mark, well above that. 13,076. the nasdaq squeezing it out. concern for apple, but financials are doing well. let's take a look at the group. laying off 11,000 workers, that is the plan. a new ceo in place and he wants to make his mark. up 6.5%. it is under pressure, nowhere near $700 for the all-time high in september. the latest findings other actually going to use the market share for the ipad to the android in some microsoft folks, they're facing intense competition. with the findings you see stocks down 4%. back to you. melissa: interesting. lori: thank you. melissa: a battle for a deal inn the fiscal cliff continues, democrats cannot seem to find a compromise on top earners. rich edson is back in the white house with more. >> president obama said look, if rep
. let's go to the floor of the new york stock exchange. the market having a good day today. nicole: indeed. we have been over the 13,300 mark but still holding onto stellar games, lori and melissa. so up triple digits up 110 points so really is a nice showing. 28 of the 30 dow components in the green. we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they're trying to work it out. smooth it over, ultimately. they know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. europe seeing improvement helping equities along as well. lori: not sure if you mentioned the fed. we were talking about it at the top. talking about their expectations of ben bernanke. nicole: would even throw out the idea of stimulus? that helped things along pushing us along throughout this entire last six months. lori: absolutely. thank you so much, nicole petallides on the floor of the new york stock exchange. protests turn
of jet lag. >> we'll take you a week. >>> "morning joe" starts right now. ♪ >>> nation, i love new york city. the big apple, the city that never sleeps, rat zanadu. so i was crushed to learn the metropolis i know and love has changed. >> not one person was murdered in new york city on monday. nypd deputy commissioner paul brown couldn't even remember the last time a day went by where not one person was shot, stabbed, or slashed. >> what happened? i remember the real new york of the '80s. when in a single night you could score some weed, catch a time square porno and get stabbed in the neck by a coked up lou reid. and that was a pretty good first date. now time square has become a bubba gump wimp company. >>> good morning. it's tuesday. december 4th. welcome to "morning joe." with us onset, we have msnbc senior political analyst mark haleprin. oh, my god, please stop. just get it off. get it off -- >> pulitzer prize-winning historian jon meacham. "the art of power." >> so you know why i'm doing this. last night, mika goes to madison square garden thinking she's going to see one direction
an exchange like the nasdaq or the new york stock exchange tries to make any kind of merger or acquisition, it's usually rejected lately. >> well, i think what we've looked at is bringing together canada's financial markets under one institution so we can really have a very strong market. now, there are competitors. we have alternative trading systems that are owned and operated by other entities, and a low barrier to entry for new organizations to come to canada. but the reality is that we think we offer the most comprehensive services. david: let's talk about how our regulations might affect your companies. dodd-frank is going to have worldwide implications. >> well, dodd-frank's really important to us. in fact, i've spent personally a lot of time in washington over the last year as dodd-frank -- david: did they accept your input? >> for sure. the cftc, in particular. it impacts us in important ways because as our institutions execute interest rate swaps, they're going to have to be bilaterally cleared. or multilaterally cleared oz opposed to -- as opposed to bilaterally. and that's importan
your flu shots. >>> meanwhile here in new york, police trying to find the man in this subway surveillance video, arguing with another man in the middle of the day. seconds later, he pushed that man into the path of an oncoming train. the man was killed. police are checking other video, hoping to find a clear image of the killer. no word on what the two were arguing about. >>> and finally, some quick thinking here saves the lives of these two young girls waiting for their mother outside a store. that awning above them collapses. but the girl, able to drag her sister out of the way, at the last moment. a passing truck had clipped that awning, knocking it down. thankfully, neither girl was hurt. >> wow. they look little. >> very young. >> all right. >> that was fast. >>> let's go to washington, now, for the latest on the fiscal cliff. just 28 days until everyone's taxes are set to go up. house republicans have now sent the white house their own plan for getting america's finances under control. but both sides still far apart. abc's jake tapper is covering this from the white hou
for the new york giants. top pick. he set an all-time record . 52-twen was the final. go to ben roethlisberger, coming off of injury. big catch. mike wallace no realationn to chris. the chargers go on to win 34-24. that's what happened with the sports. big upset with the vikings and home of the bears. >> steve:-> chris wallace did you watch his power player, his dog. what a moving tribute. winston. what a life that had . a hole in their heart now he passed. >> gretchen: sorry i missed it. on a lighter note. what do airline workers think about the rest of us . have you ever done this to a flight attendant. apparently they do that when they want the flight attendant's attention. that is hated happen when people fly and are rude. 92 they looked and talked to 700 airline employees in 85 country, hey, i could use a coke over here . people trying to get off of the plane before the pilot gives the okay . stuffing too much in the overhead and charging to checked bags. you can understand it. on both sides of the aisle. >> brian: what bothers me, people ame as i am waiting in the back in the head. reall
economy is the former new york city mayor rudy giuliani. how are you? >> how are you, sean? good to see you. >> sean: i just like to learn from people that have done successful things, you took how many people off of welfare when you were mayor? >> 600,000. >> what was the deficit when you became mayor? >> $2.3 billion. >> sean: and the debt? >> staggering. >> 600,000 off welfare, and -- >> we did it by my taking a report that asked me to raise taxes and throw in the garbage. the report said you have to raise taxes across the board. said nothing about reducing spending. i said to myself -- i wasn't an economic expert then. i became one after being mayor of new york. i said this doesn't make sense. if i raise taxes now, i have to do it again in two years, then four years, because i'm losing the tax base. people will leave. i'll try something different. i'll try to lower taxes, lower spending. i can't lower taxes too much at the beginning, but just a little bit, lower spending. i lowered taxes -- actually i think sean i lowered taxes than all the mayors combined by about $3 billion. three
. before we get started let's look at the coverage of the tabloids here in new york city. america weeps. there is the president of the united states. he shed a couple of tears in the briefing room yesterday. slaughter of the innocence. and a picture you saw a lot of yesterday from the beup in newtown yesterday where a police officer leads those children single file out of sandy hook school. >> so many horrific elements to this story but i think the worst for me is the fact that there are 20 kids dead between the ages of 5 and 10 years old and as we learn more about the shooter, it seems as though there were clues he was capable of doing this. >> there will be an update at 8:00 this morning with the authorities. >> all right. peter doocy meanwhile is live in sandy hook for us with the very latest details. good morning, peter. tell us what you have learned overnight. >> alisyn, we learned that the medical examiner's office has been working all night long inside sandy hook elementary school. they are trying to have the 20 children and six adults who were murdered inside yesterday during sc
to stand between an american and intoxication much. on that note the "new york times" ran a front page article yesterday lamenting tough mandatory prison sentences for drug dealers. the left believes they are not violent offenders. so if you are selling meth, heroin, cocaine, that's not an act that causes harm or pain to another person, oh, no. are you kidding me? those of you who know firsthand about addiction know how crazy that point of view is. people who sell drugs are the lowest rung. they are committing violence against other human beings. period. "times" article says a half million people are in prison for drug offenses in the u.s.a. 10 times the number than in 1980. that sounds bad, doesn't it? what the paper does not, does not tell you is that violent rhyme in -- crime in america has been cut in half since the tough mandatory prison sentences were instituted. the country is much safer because hard core criminals are doing hard time. that's a fact. no one should feel sorry for killers, rapists and drug pushers. now, because i do commentary like this, laying out the progressive
explanation for why she chose the actions that she did. >> charlie d'agata in new york thank you. >>> this morning, a vital piece is on its way to the top of america's tallest building. we'll take you there next on "cbs this morning." "this is george. he is a good little monkey and always very curious. america's tallest building. one day george got an important letter. he's built a rocket ship to travel into space." google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] if you're living with moderate to severe crohn's disease, and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as in
taken to danbury hospital. our new york police reported one child may have been shot in hand. another in the face. the gunman is reportedly dead. officials telling the ap the shooter had two guns. we are looking at live pictures from our affiliate in new york, w. n.y. w. a gunman was in the main office of the school shortly after 9:40 a.m. eastern time and one person in one room had numerous gunshot wounds. investigators now searching the school with police dogs. dozens of heavily armed state troopers on scene. live pictures telling it all right there. surrounding the school, agents on scene as well, we're learning a code red has been issued to the surrounding towns. state police will news conference at 1:00 eastern, we will bring you those updates as they come. this is an unfortunate story that has continued to unfold. more details coming in by the minute and we will keep you updated. dennis: college for $199 a month. that is what university now is charging for unlimited online classes. we are joined by ceo jean wage. thank you for being with us. let's start with how many students ha
bernie madoff in queens, new york. >> i just saw him, and i was sort of swept away, i think. >> she married him at age 18. they had two sons: mark, then andrew. bernie was building up his money management business. a typical middle-class family living on long island. >> we were both solid parents and valued our family and so proud of our boys. it was a dream, really. >> exactly when bernie madoff went wrong is unclear. but as his reputation for delivering steady profits grew, the madoffs began living the good life. a penthouse in manhattan, homes in palm beach and the south of france, and yachts in both places. >> he was a big figure in the industry. he was the chairman of nasdaq. he was constantly being honored as "man of the year" of this organization and that. and that--that had an effect on me. >> both sons went to work as traders for their father's firm in the late '80s, a time authorities believe madoff's ponzi scheme was well under way. why would your father want to taint his sons by bringing into a situation that could, well, spell disaster? >> you know, that's-- that's a gr
early this morning. that bralanedwars acquired by the new york jets had a ham string. >> steve: joel is america's biggest jet's fan. >> gretchen: that is insider information. >> brian: he had a bounce in the step. >> gretchen: luckily i know who that is. should we kick off the show with headlines. we now know the identity of the shooter in the mall . he had no history of trouble but his ex-girlfriend said he quit his job in the derks li and sold all of his belongings and bought a ticket to hawaii. >> she wishes to express shock and grief the events in the shopping she has no explanation or understanding of her son's behavior. >> ros killed a 54 year old nurse and 45 year old father of two, steven forsyth. a 15 year old was seriously injured . robertson took his own life. late last night john fee -- macfee arrived in the united states. >> this morning i was in jail and today here i am. i am not worried at all. if i am in front of a court they will not send me back. they have no evidence . >> gretchen: macfee is wanted in the country of bealize for the murder of his neighbor. we'll hea
-kahn has settled a civil suit filed by a new york city hotel maid accuwho accused him various items. criminal charges against him were dropped. >>> the state of hawaii is no longer 50th in voter turnout. it's tied for 49th with west virginia. this time around, they've got company at the bottom. both west virginia and hawaii tenned out 44.2% of its voters in 2012. >>> the duke of cambridge decided to cancel a scheduled appearance at a military event to be with his pregnant wife. katherine has been battling acute morning sickness. they are supposeded to attend the royal premiere of "the hobbit" tomorrow but the daily mail says katherine may not be well enough to go. >> if he skips the hobbit for her, that is true love. i'll be impressed. >> thank you. 17 minutes past the hour. time for early reads, local news making national headlines. we're starting with the charlotte news and observer in north carolina where a federal judge ruled the state cannot issue choose life license plates without offering ones with different view points. he called it viewpoint discrimination and violation of
him. >> thank you, david. david: many folks in new york and new jersey, still, still can not go back to homes and businesses. so why is the sandy spending bill send lots of money to d.c.? a look what is in the $60 billion bill for hurricane sandy. liz: money to d.c. but it hit new jersey and new york. come on people. david: there you go. liz: how is this for an alternative investment? the judy garland show. rights to all the episodes. 26 are up for auctions online. how much are they expected to fetch? what is the earning potential here? we've got the man selling them. do you want in? remember what it did for elvis >> just about 42 after the hour. i'm arthel neville. this is update on breaking news story out of newtown, connecticut, where 26 people including 20 children are dead in one of the worst mass murders in our nation's history. president obama deliver ad statement last hour saying the u.s. has been through shootings like this too many times and meaningful action will have to be taken regardless of politics. the president also ordered the u.s. flag be flown at half-staff at all
scissors. exclusive report in the new york postsaid that chief linebacker had dinner and drinkks with another woman friday night and spent the night in her apartment and then returned home and spot shot his girlfriend. this could be about domestic violence. in 2006, he punched his fist through a window because he was upset with the girl. according to the cvc shaping up to be a bad one. this strain is a great match for this year's vaccine. 120 million americans have received flu shots. give her an ambassador job. according to bloomburg news. the editor of vogue may be ambassador to france. the white house had no comment. those are the headlines. that happens all of the time. ambassadorships are favors. 92 but what is her qualification aside from being editor. >> brian: and supporter of mrs. assad. >> gretchen: if you went back in time and look at other ambassador ships >> chris: it could doesn't go to her could go to mr. blackwell. >> brian: finallyy a royall baby bump. kate middleton is meg frant. this morning a scare and why she's in the hospital. >> steve: little boys as well .
'm melissa lee live from the new york stock exchange. negative across the board, looks like we're going to lose about 8.5% on the dow. we're watching for headlines out of an ecd press report. our road map this morning starting with apple, cratering on its biggest decline yesterday on four years, closing just pennies off the lows of the session. the stock continues lower premarket as investors watch the death cross watch. >> a cnbc exclusive, tim geithner says over the cliff is a must. >> bank of england and ecb keeps rates unchanged. europe continues to hang in there economically. >> and nat gas gets a boost. the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you know, th
. emotions were running high last night in staten island, new york thousands of victims of hurricane sandy confronted federal officials about the lack of help. >> we go from one to another from fema to our homeowners. my insurance offered me $150 what can i do with that? i need to rebuild. sir, i need your attention please. >> when you go home and celebrate in a nice, warm house. i have no electric, no heat i don't even have sewage in the house. then the city comes and did an inspection and it is okay to live in. a joke. you wonder why people are mad. we are the people, we are the middle class and we are getting the finger. you were there when i met obama and i told president obama you told us you were going to cut the red tape. i told him, the middle class is getting the royal finger. what did he said? fema works for me. they ain't doing nothing still going in a circle, denied, denied. >> sean: heartbreaking. what president obama, mayor bloomberg and governor cuomo run around patting each other on the back, these people are suffering, no one from the federal, state or local government see
. dallaslet same . 60 in new orleans and 66 in tampa. daytime highs, almost 60 in new york city. 62 in cleveland . could be 62 in chicago . 71 in kansas city. s and 80s in texas and in the gulf coast and portions of florida as well. where was i? >> brian: now back to the regularly scheduled program. i will count. cowboys quarterback tony roamo broke the record with touchdown passes. roamo has 166 . dallas won 38-33. 6-6 on the year . keeping the slim playoff hopes alich. eagles lost 8 in a row. rex ryan finally sacking mark sanchez and putting in greg mcelroy. he got them to one touchdown for a win. tim tebow what happened to the luck. there was three interceptions and you got broken ribs. ryan has not made the decision on who will start next week. >> four teams on the way to the playoffs. patriots beat the dolphins . and broncos beat the bucks 31-23 to score the af-c championship. falcons win the south. walking away . texans whoy they tweeted me about beat the titans. they are len-1 on the year. congratulations to them and i am sorry forooking that. coming up on kilmeade and friend
,000 people fairly well to do miles northeast of the new york city. what can you tell us about the community and what you know from your nieces and nefews. >>> sean, thanks, it is a great town here. i can't stop thinking about last night, last night sandy hook elementary had a holiday concert that i attended. my niece was part of the choir and i think back to the hundred kids on the stage and their familis and sibblings running throughout the auditorium and 12 hours later this tragedy occurred. >>> yeah. >>> obviously, have you spoken to any other people in town and stories that we have been hearing including the custodian and a teacher on tape that i will show in a second and the lengths that people went to protect the children was amazing. >>> it was incredible. i know one of my nieces was in the library. and they werushered boo a closest to protect them. my sister did something which i don't think i could have done. she was on the way to the school and there were five or four boys all in first grade running up quite a distance from the fire house and she stopped and picked them up and not
bloomberg in new york was saying. people go there and take advantage of the gun laws and then give them to the bad guys in new york. philly, chicago, tennessee. >> bill: calm down. why wouldn't mayor bloomberg come out when he is not too busy with the big sodas you bring a thing to new york and i want 10 years mandatory. bring a illegal gun in the city and put you in jail for 10. >> they had those laws. >> bill: they are not federalized. >> they have. >> bill: each state has their own. go mary katharine last word. >> hold on, i'm wait, i'm from virginia. i'm a woman. who doesn't mind having a gun around in case something -- someone comes to my doorstep wanting to do some damage. >> oh, come on. >> another thing gun ownership in virginia up 67% from 2006 to 2011. gun crime down 24%. maybe bloomberg should deal with what's what is in his backyard instead of coming to virginia and talking about our laws. cassandra perkins and her are the issue here instead of untenable legislation problem here. >> bill: you can't stat your way out of it, juan. by the way when mary katharine said and i have
of people who feel like doug cast does who writes with me with a piece in "the new york times" saying that -- >> most stuff is nontaxable accounts any way. most stocks that people won't be as motivated to sell as people think. of course that doesn't necessarily deal with the increase in payroll taxes and the whole recession side of it. it does deal with the stock market side in terms of selling. >> why not say, listen, fiscal cliff, i have to cut numbers. i have to cut guidance. i think many ceos will cut guidance because of the possibility that the amt is going to -- this alternative minimum tax, people don't know they have to write a check for $3,500 at the end of the year. once you jump over the cliff, you can reverse the payroll tax. senator corker who is terrific and had good privilege of talking with him this weekend, we both know you can't reverse amt. once you go over the cliff, amt is insidious. it's hard to figure out. >> in terms of negotiations we will sit here day after day, is it more theatrics, are they really stalled, will we get down to something at the end of the day
gallagher has more on that. >> reporter: it's a cash cow for new york city. $293 million in the past five years alone. the reason new york is being sued is the drivers think the i is rigging them. federal law says the yellow lights at intersections where the speed olympic is 30-mile-an-hour has to be at least 3 seconds long. trim a seth sent out to engineers. they checked out a dozen lights and found all of the yellow lights were too short. some of them up to a half second short. that half second resulting in tens of thousands of extra tickets. the new york department of transportation says there has been no substantiation that any red light cameras were improperly timed. triple aaa acknowledges their mini study is not enought to support this lawsuit but says there is nothing to support the city's claim that cameras save time. too short yellow lights guarantee lots of citations will be issues but does nothing to improve safety. there are 540 communities in this country that use these cameras. the highest fines right here in california, $480. and most of them are not running the red light.
problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis in egypt remains volatile, with massive anti-government rallies planned today. >>> heartbreaking survival story for a woman stranded in the snow in the california sierra nevada mountains. >>> shoppers at a seattle macy's had to be hospitalized when an escalator they were riding malfunctioned. >> fire to the end zone. touchdown. >> broncos with their eighth straight win. >> all that -- >> three, two, one! >> my 50th birthday, she gives everybody a car and then she's all, thank you for coming to gayle's birthday! >> we're talking about oprah, right? >> no, of course not. >>> and all that matters. >> south carolina tea party says jim demint is resigning. >> leaving the senate a lot better than i found it. >> jim demint leaves some big shoes to fill. >> jim demint leaves some big shoes to fill. then again -- captioning funded by cbs en
. >>> it is 18 minutes past the hour. time for your early reads, in the "new york times," merry christmas iphone nation. google maps is back and possibly better than ever. the app is available for download with turn by turn navigation, bus and walking directions are back, along with street view. if you remember, apple replaced google maps with its own version of the app. the new software was slammed by users for warped 3-d effects and misplacing landmarks. the review in the "new york times" of the new app is fantastic. >> now you won't get lost. >> now to "usa today" and the arizona republic, they are writing about this new way drug smugglers are trying to get marijuana into the u.s. by t-shirt launcher. you know those pressurized cannons used to launch t-shirts and other things at sporting events? u.s. border control agents say they found 33 cans filled with pot on the mexican side of arizona. they were launched 500 feet over the border fence. the pot is estimated to be worth $43,000. i wonder if the new laws legalizing marijuana will reduce the creativity in smuggling? >> i imagine so. >>
and brian road y were arrested after a small explosion. nobody was hurt. >>> new york city police searching for a man who allegedly pushed another man to his death in front of a subway train. the two apparently had some sort of argument on the platform prior to this fatal assault >>> two men from mexico have been charged in the death of a u.s. coast guard member. both appeared in court yesterday. the chief petty officer suffered a traumatic head injury when his boat was rammed off the southern. >> caller: cal coast. it all happened on sunday. he was pronounced dead on shore. >>> still no sign of an 11-year-old leukemia patient who was removed from a phoenix hospital last week by her mother. police have located emily's father. he denies involvement in the case. doctors say the young girl could die within days. she has been receiving chemotherapy for about a month and has a catheter in her heart that could become infected. >>> the head of the cdc warns that all signs are pointing to a bad flu season this year. so cdc director dr. thomas freiden is advising all americans over the age of six mo
of the new york stock exchange. nicole: $1.2 billion share repurchase. they are buying back shares from the estate of a longtime shareholder. here is a look at stocks this morning. very busy. it was halted for news. there is the stock right now. almost $134,000 a share. of almost 2.5%. let's take a look at the broader market average. the dow is up five days in a row. traders say that the trend continues to the upside. the dollar is lower. back to you. connell: you mentioned bad day. first, the latest from capital hill. they say we are over the fiscal cliff, unless tax rates go up. the sign will come from the fed. we will know in the next 90 minutes. former atlanta fed joins us now. how is the decision connected, do you think, to the fiscal cliff? >> it has to do with balancing risks. they do not want to risk the recovery that we have underway already, even though it is slow. i expect two things. first, they will not change policy. they will continue quantitative easing. they will probably stop operation twist. simply because they do not have anyone short-term securities of any significa
. the huffington post reporting that the offer to avert dister sparks gop outrage. "the new york times", the front page story today that the tax code is less progressive than in 1980. back when ronald reagan was president. let's take a look at federal income tax in this country. these numbers according to the tax foundation. the top 1% pay 37.4%. the top 1% of earners. they pay almost 40%. taking a look at this, the top 5% pay nearly 60%. it doesn't seem quite right. the top 10% -- they pay 71%. federal income taxes, top 10%. picking up almost the entire time. if you wanted to ask her to be more progressiv i don't know, maybe the top 10% pay 90% of taxes. 95%? 100%? i think this whole argument is hogwash. the tax code is not there, but not because the wealthy are not paying enough. but because they pay too much money. everybody needs in the game. if you are part of the system, every time the government as a new federal oversight panel or commissions a study of the effect of exercise on shrimp -- you remember that, right? millions of dollars for the expeence. ridiculous. who can blame you if you do
digestive issues. that's terrible. >>> the "new york times," this story got so much attention locally here and around the nation. the homeless man who received a pair of shoes from a selfless police officer. reporters caught up with him on the upper west side and his new boots were nowhere to be seen. jeffrey hillman said the shoes are hidden because they are worth a lot of money and he could lose his life after them. hillman said he was honorably discharged after serving in the army in the 1970s and 1980s. >>> for an expanded look at our top stories, head to our blog. >>> a dolphin at sea world bites a girl and the whole terrifying event was caught on camera by her own father. we have that on tape after this quick break. many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and
projects still getting money, cut those and help the people in new york and new jersey instead. neil: even leaving that issue aside, make better accountability. if we had the inspector general for t.a.r.p. keeping track of how it was supposed to be a bank rescue pile of money that was a solar projects and what have you, who is keeping track of it? it gets back to the issue, we discussed it before, americans have big hearts, want to help people when they are in trouble, but we adopt want to see money pissed away in the process not getting to the people we reached out there. >> it's deeper than that; right? if money is flying around from the federal government, people assume work's getting done distracting from recovery efforts if you throw money out the door to smithsonian and people claiming they need landscaping wherever. this is an idea we're paying for what we et, and we are not. if we have to help people recovering from disaster, we have to be serious about going it rather than allowing it to be a slush fund which is what is set up to do. neil: up to eight-something billion of this mon
mistifying to be down there today. i like the cliffs and the floor of the new york stock exchange. there is always a bull market somewhere. i will see you tomorrow. >> good evening everyone. i'm larry kudlow. three major stories tonight and they all have financial and political fallout. starting in michigan where protesters stormed the state capitol to fight a right to work vote. >> on the way, and this issue boils down to fairness. but there are different opinions and viewpoints. we have details straight ahead. >> larry, at the white house we have a flurry of activity on the fiscal cliff. exchange of offers and not sure how much real progress there is. but we'll have the details. >> and optimism. and the fed driving the market higher. first time since mid october. the kudlow report begins right now. >> all right but we begin with the breaking news coming out of michigan where republican governor snyder just signed into law a right to work bill. lawmakers passed it today despite thousands of union workers who came to protest. we have the late ev. good evening ron. this one got pre
154 yards and seattle undefeated at home and then there's this. the new york giants scored only 52 points in the win over the new orleans saints. the star was the rookie and he returned the kick off for touchdown and all purpose yards and kept the giants in the lead. and major result for the economy. people having fewer babies, blaming the economy and one woman who took a chance and had six children anyway. we'll have that and of course the opening bell right after this. >> less than a minute to the opening bell. there's the news background that says that consumer spending wobbles. consumer spending-- unemployment rate at four year low. the only reason it's down is because the 350,000 people stopped lookinggfor work and the work force shhank and that's surely not good news. in a moment you're going to see if you look carefully at the lower box there on the left-hand side of the screen, those people there are the telemundo actors ringing the bell today for the nasdaq and they put their names down here, i'm afraid i don't have them handy available. they're actors. and the dow stills
of an idea who he was. and the new york times and reporting about how socially acward he high school. and few freppeds and he didn't center a book book -- face book page we are getting a glimpse of him tonight . but the detectives. they have to dig deeper, are they not? >> they are going to dig deeper for weeks and maybe longer than that. they will do an autopsy on his mind and his life as well as his body. they are going to figure out who he was talking to and what high was saying and talk to friends and family and anybody on the computer and web sites and anything he put out or wrote. anything that he threatened. they are going to find out just exactly how many flags there were and that is really only way to go back wards and try to prevent an incident is to control the individual with the idea and motivation to do as heinous as this. ndo you ever get used to the investigation . 20 children. they are like five or 10 years old. it seems like the worst of the worst. and as a detective, do you ever, can you do this? and how do you go through thyself things? >> well, you know, there is no way t
. david: we love new york as well, mayor. you have to understand. we have our own teams here too. thank you very much. good to see you. >> thank you so much. >> thank you. liz: citigroup as you know announcing a massive 11,000 jobs are being cut. our own liz macdonald has been talking to citi executives about the possibility of even more cuts to come. find out what they're saying. david: plus call it the never-ending stimulus. look at this. as you can see money added back in 2009 continues to show up each year. where is a lot of this money ending up? what happened to the stimulus? supposed to be a one-shot deal. we had it four years in a row. when will it end? more on that coming up. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ malannouncer ] break from the holiday stress. fedex offic >> i'm robert gray with your fox business brief. eastman kodak has reportedly gotten a more than $500 million bid for its patents. "the wall street journal" repo
said in "the new york times" if you have a good investment decision, you are not going to make it regarding any change in tax policy. we are seeing one of the biggest intergenerational transfers of wealth. wealth managers are built up with people trying to transfer millions to their kids before the taxes go up in the estate tax goes up. basically, we could be looking at a private stimulus package happening. >> you are talking about transferring 25 million-dollar houses from one rich person to another, right? >> you are buying stuff back and forth. the parents to give that to their kids. the estate tax is 35% on everything over $5 million and agosta 55%. anything over $1 million. it is horrible. melissa: dennis needs a break after running the 12 flights of stairs. this time this item is for christmas. this starbucks card will set you back $450. the card itself costs $50, then the card itself is $450 for the gift card. you cannot buy them at the store coming have to give them from gil.com. >> of i spent $450, it will be almost a full pair of christian louis vuitton shoes. i'm not
in mind, john? >> well, new york governor andrew cuomo is rumored to want to run. maryland mayor martin o'malley is rumored to want to run. there are other people within the democratic party who would love for the chance to run for president in 2016. it would be an open seat. there would be no incumbent running. and so if hillary clinton is going to run for president from their perspective, they want her to make that decision sooner rather than later so that they can get their apparatus in place because unlike her, they can't just turn a latchkey and have everything, you know, fired up and ready -- >> millions of dollars, support networks and so on. >> yes. >> steve, hasn't this actually been a total transformation in the life of the clintons? because you were referencing her success, hillary clinton's success. but bill clinton has now transformed his standing. he is now a global figure, too, isn't he? >> and also just their standing within the democratic party. the thing this struck me this summer was compared how the bts were treated by the entire democratic convention this summer versu
across new york up into connecticut. his mother's house where she was found dead. only about three miles away, of course, the school. to try to figure out what led him to this spot at that time because they do believe that shortly after murdering his mother, he did drive the few miles from her house to this school and emerge in this parking lot with weapons very much like these to go into the school. now, let's look at the time line of what happened. that's what they're trying to reconstruct. about 9:30 in the morning, that's when we believe based on eyewitness accounts and police radio, that he probably left his car, we think this is the one over here, based on the investigation, and came up to the front of the school. it's also when he encountered his first obstacle. because these security doors were installed to keep people out. police later said the glass had been broken out of these. that's apparently how he got into the school with those weapons. what we know for sure is based on police reports, by 9:36, we had our first calls into the police station saying that shooting was occurr
. the rockefeller tree in new york city is 9th tallest, only the 9th a 74 feet and it is big. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male annocer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. gerri: the white house and congress fight over cutting spenng, the white house to celebrate the holiday season with 54 christmas trees. does the white house need that many? here is what some of you are tweeting me. no way. how wasteful. mark has a different response. as long as they keep telling them christmas trees and 54 is fine. we also asked on . 3 percent said yes, and 97 percent said no. be sure to log n for our on-line question every weekday. here are some of your e-mails. any cat has to start at the top. the agency's, the salari of all government employees. more of a leg to stand on about fairness andaxing the rich. if our politicians would give up their entitlements we would save the country billions and not have
business. lauren simonetti from the floor of the new york stock exchange. the share price of dell. suddenly this thing is moving. >> of nearly 38%. goldman sachs doing a 180 on dell. they upgraded all the way to a five. thirteen dollars from nine dollars. all of the bad news in the pc industry -- stuart: okay. thank you very much. now to the big story. timothy geithner puts the ball in the court of the republicans. he says he cannot guarantee we will not go over the fiscal cliff. >> no, i cannot promise that. that is a decision that lies in the hands of the republicans that are now imposing increasing tax rates. stuart: okay. if the republicans do not agree to higher taxes on the rich, it is all there fault if we go over the cliff. got that. this is what john boehner had to say. >> the day after the election, i found the results. i went to the cameras and made it clear. the republicans were willing to put revenue on the table if there were serious spending cuts and reforms put in place. we have talked about it. the president and white house have three weeks. this is the best we've got? stua
send in the picture. this is bailey and bondy from new york piper was the [kwro-upg]er one. this is my family. my youngest son gauge putting the finishing touches on the ginger bread house. hekeep sending in the card and photos . have a great day. "fox and friends" starts right now. have a good day. >> gretchen: good morning, everybody. today is wednesday december 12, 12, 12, 12. i am gretchen carlson. folks news alert. we now know who the gunman is who shot up a mall full of christmas shorps . three people have died. we will have a live witness. >> steve: and a new tone set by democrats and it looks like this. a folks news contributor gets beaten up by a pro union protestors. steven crowder is live here to explain what happened in michigan. kaboom. >> brian: first we called him an owner and then a governor and then mr. president . soon someone might be able to call him grandpa. "fox and friends" will have that story. it starts now. ♪ "fox and friends". >> gretchen: good morning, everybody. we'll start with a folks news alert. breaking newings. witnesses say he stormed in a portland,
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